Untitled Document
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Jeevan
Kishore
Suitability
This is an improved version of the New Children's Deferred Assurance
plan. Parents or legal guardians can propose the policy for children
between ages 1 and 12 years, with risk commencing at an early age. |
Features
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Children between ages 1 and
12 years are eligible
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Parents can propose the child’s
life
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The Plan is basically
endowment type.i.e.Sum assured is payable either on survival
to the term or on death happening within the term.
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Risk Commencement Age
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For children aged 1 to 4 years,
risk commences from policy anniversary after attaining age 7
years
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For children aged 5 to 10
years, risk commences from second policy anniversary from the
date of commencement of policy
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For children aged 11
years, risk commences from first policy anniversary from the
date of commencement of policy.
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Benefits
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On death of child during waiting
period all premiums are refunded
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In case, the proposer i.e.
the parent happens to die during the deferment period, the policy
has to be continued by regular payment of premiums. (However,
by payment of an additional premium, the proposer can secure
a waiver of premiums i.e. premium need not be paid on proposer's
death till date of vesting)
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Once the risk is commenced,
Sum Assured is payable on survival to term or on earlier death
of life assured i.e. the child.
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Other Conditions
- Minimum Term : 15 years
- Maximum Term: 35 years
- Minimum Sum Assured : Rs.30,000
- Maximum Sum Assured :
For child aged below 10 years: Rs.5,00,000 For child aged 11
years: Rs.10,00,000
- Minimum premium must be
Rs.800 per annu
- Minimum maturity age: 20 years
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Maximum maturity age:
45 years
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For children aged 1
to 4 years, certified extracts from Municipal records or horoscope
or Baptism certificates, will be accepted as age proof if submitted
along with a declaration signed by both the parents
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For children aged 5
to 11 years, certified extracts from school records will have
to submitted.
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